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Side-by-side financial comparison of FirstEnergy (FE) and KeyCorp (KEY). Click either name above to swap in a different company.
FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $2.0B, roughly 1.9× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs -1.3%, a 26.7% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 19.6%). KeyCorp produced more free cash flow last quarter ($2.1B vs $-30.0M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs 7.5%).
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
FE vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $2.0B |
| Net Profit | $-49.0M | $510.0M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | 32.3% |
| Net Margin | -1.3% | 25.4% |
| Revenue YoY | 19.6% | 131.8% |
| Net Profit YoY | -118.8% | 309.0% |
| EPS (diluted) | $-0.08 | $0.43 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.8B | $2.0B | ||
| Q3 25 | $4.1B | $1.9B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.8B | $1.8B | ||
| Q4 24 | $3.2B | $865.0M | ||
| Q3 24 | $3.7B | $695.0M | ||
| Q2 24 | $3.3B | $1.5B | ||
| Q1 24 | $3.3B | $1.5B |
| Q4 25 | $-49.0M | $510.0M | ||
| Q3 25 | $441.0M | $489.0M | ||
| Q2 25 | $268.0M | $425.0M | ||
| Q1 25 | $360.0M | $405.0M | ||
| Q4 24 | $261.0M | $-244.0M | ||
| Q3 24 | $419.0M | $-410.0M | ||
| Q2 24 | $45.0M | $274.0M | ||
| Q1 24 | $253.0M | $219.0M |
| Q4 25 | -0.6% | 32.3% | ||
| Q3 25 | 20.0% | 31.8% | ||
| Q2 25 | 19.1% | 29.3% | ||
| Q1 25 | 20.0% | 29.0% | ||
| Q4 24 | 19.3% | -92.6% | ||
| Q3 24 | 19.5% | -72.8% | ||
| Q2 24 | 12.9% | 22.0% | ||
| Q1 24 | 18.6% | 18.1% |
| Q4 25 | -1.3% | 25.4% | ||
| Q3 25 | 10.6% | 25.8% | ||
| Q2 25 | 7.9% | 23.1% | ||
| Q1 25 | 9.6% | 22.8% | ||
| Q4 24 | 8.2% | -54.7% | ||
| Q3 24 | 11.2% | -59.0% | ||
| Q2 24 | 1.4% | 18.0% | ||
| Q1 24 | 7.7% | 14.3% |
| Q4 25 | $-0.08 | $0.43 | ||
| Q3 25 | $0.76 | $0.41 | ||
| Q2 25 | $0.46 | $0.35 | ||
| Q1 25 | $0.62 | $0.33 | ||
| Q4 24 | $0.45 | $-0.30 | ||
| Q3 24 | $0.73 | $-0.47 | ||
| Q2 24 | $0.08 | $0.25 | ||
| Q1 24 | $0.44 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $57.0M | $10.2B |
| Total DebtLower is stronger | $25.5B | $9.9B |
| Stockholders' EquityBook value | $12.5B | $20.4B |
| Total Assets | $55.9B | $184.4B |
| Debt / EquityLower = less leverage | 2.04× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.0M | $10.2B | ||
| Q3 25 | $1.4B | $13.3B | ||
| Q2 25 | $569.0M | $11.6B | ||
| Q1 25 | $132.0M | $15.3B | ||
| Q4 24 | $111.0M | $17.5B | ||
| Q3 24 | $439.0M | $22.8B | ||
| Q2 24 | $60.0M | $15.5B | ||
| Q1 24 | $888.0M | $13.2B |
| Q4 25 | $25.5B | $9.9B | ||
| Q3 25 | $25.5B | $10.9B | ||
| Q2 25 | $23.7B | $12.1B | ||
| Q1 25 | $21.2B | $12.4B | ||
| Q4 24 | $22.5B | $12.1B | ||
| Q3 24 | $21.6B | $15.7B | ||
| Q2 24 | $20.8B | $16.9B | ||
| Q1 24 | $21.7B | $20.8B |
| Q4 25 | $12.5B | $20.4B | ||
| Q3 25 | $12.8B | $20.1B | ||
| Q2 25 | $12.9B | $19.5B | ||
| Q1 25 | $12.6B | $19.0B | ||
| Q4 24 | $12.5B | $18.2B | ||
| Q3 24 | $12.4B | $16.9B | ||
| Q2 24 | $12.5B | $14.8B | ||
| Q1 24 | $12.4B | $14.5B |
| Q4 25 | $55.9B | $184.4B | ||
| Q3 25 | $55.9B | $187.4B | ||
| Q2 25 | $54.2B | $185.5B | ||
| Q1 25 | $52.8B | $188.7B | ||
| Q4 24 | $52.0B | $187.2B | ||
| Q3 24 | $50.8B | $189.8B | ||
| Q2 24 | $51.0B | $187.4B | ||
| Q1 24 | $51.3B | $187.5B |
| Q4 25 | 2.04× | 0.49× | ||
| Q3 25 | 1.99× | 0.54× | ||
| Q2 25 | 1.85× | 0.62× | ||
| Q1 25 | 1.69× | 0.65× | ||
| Q4 24 | 1.81× | 0.67× | ||
| Q3 24 | 1.74× | 0.93× | ||
| Q2 24 | 1.67× | 1.14× | ||
| Q1 24 | 1.75× | 1.43× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $2.2B |
| Free Cash FlowOCF − Capex | $-30.0M | $2.1B |
| FCF MarginFCF / Revenue | -0.8% | 104.8% |
| Capex IntensityCapex / Revenue | 30.7% | 5.3% |
| Cash ConversionOCF / Net Profit | — | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0B | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $845.0M | $396.0M | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $637.0M | $-140.0M | ||
| Q4 24 | $1.0B | $664.0M | ||
| Q3 24 | $775.0M | $-1.2B | ||
| Q2 24 | $1.1B | $-217.0M | ||
| Q1 24 | $-40.0M | $359.0M |
| Q4 25 | $-30.0M | $2.1B | ||
| Q3 25 | $-471.0M | $367.0M | ||
| Q2 25 | $-136.0M | $1.2B | ||
| Q1 25 | $-368.0M | $-150.0M | ||
| Q4 24 | $-250.0M | $599.0M | ||
| Q3 24 | $-229.0M | $-1.2B | ||
| Q2 24 | $170.0M | $-230.0M | ||
| Q1 24 | $-830.0M | $347.0M |
| Q4 25 | -0.8% | 104.8% | ||
| Q3 25 | -11.4% | 19.4% | ||
| Q2 25 | -4.0% | 65.8% | ||
| Q1 25 | -9.8% | -8.5% | ||
| Q4 24 | -7.9% | 69.2% | ||
| Q3 24 | -6.1% | -175.8% | ||
| Q2 24 | 5.2% | -15.1% | ||
| Q1 24 | -25.3% | 22.6% |
| Q4 25 | 30.7% | 5.3% | ||
| Q3 25 | 31.7% | 1.5% | ||
| Q2 25 | 36.0% | 1.3% | ||
| Q1 25 | 26.7% | 0.6% | ||
| Q4 24 | 40.7% | 7.5% | ||
| Q3 24 | 26.9% | 2.4% | ||
| Q2 24 | 28.7% | 0.9% | ||
| Q1 24 | 24.0% | 0.8% |
| Q4 25 | — | 4.33× | ||
| Q3 25 | 1.92× | 0.81× | ||
| Q2 25 | 4.04× | 2.90× | ||
| Q1 25 | 1.77× | -0.35× | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 24.71× | -0.79× | ||
| Q1 24 | -0.16× | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
KEY
Segment breakdown not available.
